The Role Of Socialism In Venezuela

Summary: Through history socialism has shown people that it is not effective in different countries around the world. A great example of this is my country Venezuela, there the government is trying to apply this type of economic system for the past 17 years, and it haven’t done anything better for the country. The country is a total disaster on the economic area and people is starving just for the fact that the government did not know how to manage their basic needs productions. This article explain how a socialism economic model is not that efficient is your government does not have the right people to administer it.
Discussion: Venezuelan transition from democracy to a socialism have been the worst thing that could happened to the country. When the government started to implement their socialism system to the Venezuelan society, things started to get out of control. Privates companies begins to leave the country because they were afraid of losing their investment due government new policies, so the national production of basic needs started to decrease because the socialism regime could not satisfy all the demand without the help of the private sector. So, it leads to a collapse on the economic where …show more content…
Those type of difficulties were the main reason why the socialism economic system did not work for Venezuela; another example of the failure this